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Liberty Steel to cut jobs at UK steelmaking plants

2020-01-10 15:26:15   【Print】
Liberty Steel has announced it will axe 355 jobs in the UK in response to challenging market conditions and a continuing reduction in demand for UK steel products.

The steel maker plans to cut about 250 jobs at its plant in Stocksbridge, South Yorkshire, 70 in Newport, South Wales, and a few more at two other South Yorkshire sites.

The firm said the move comes after a review of its UK business, leading to a decision to reduce its workforce at certain plants to match sustainable production forecasts.

Liberty Steel took over the plants in Wales and Yorkshire in 2017 after it bought out Tata Steel's specialty steels division for £100m ($131m).

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